New York Senator Charles E. Schumer to Visit Plug Power to Perform Plug Power’s One Millionth Genfuel Refueling

Published 7:00 AM ET Mon, 1 Feb 2016
Globe Newswire

LATHAM, N.Y., Feb. 01, 2016 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ:PLUG), a leader in providing clean, reliable energy solutions, is pleased to announce that New York Senator Charles E. Schumer will visit the Plug Power headquarters to perform the one millionth hydrogen refueling from a GenFuel dispenser into a GenDrive fuel cell unit. Surrounded by hundreds of Latham, NY employees, Senator Schumer will witness the continued commercial success in the hydrogen and fuel cell market, led by Plug Power.

WHO:

New York Senator, Charles SchumerPlug Power CEO, Andy Marsh

WHAT:

Senator Schumer has supported and championed hydrogen and fuel cell policy, including the critical clean energy investment tax credit, for over a decade, enabling Plug Power, and the fuel cell industry, to realize commercial success in real-world applications.

Plug Power invites the press to join a live press conference being held at its headquarters where Senator Schumer will discuss the importance of sustainable energy solutions and critical government policy on commercial facilities throughout New York and the United States and will join Plug Power in performing its 1 millionth refueling.

WHERE:

Plug Power Inc.968 Albany Shaker RoadLatham, New York 12110

WHEN:

February 1, 201612:30 pm ET

SUMMARY:

Plug Power tracks the number of refueling of its GenDrive fuel cells from GenFuel dispensers with its intelligent system monitoring technology. Since the launch of GenFuel in 2014, it will have built to the 1 millionth hydrogen refueling. This is a crucial milestone for the company and it’s appropriate that it will occur in conjunction with Sen. Schumer’s visit, a supporter of Plug Power since its inception.

Plug Power’s GenDrive forklift fuel cell units power forklift trucks throughout many U.S. distribution centers. Fuel cells and hydrogen refueling stations allow distribution centers to eliminate time-consuming battery recharging and instead refuel forklifts within minutes, minimizing down time for each truck and its operator. Additionally, distribution centers are able to eliminate battery rooms and devote that valuable floor space to storing and moving its products. And because fuel cells are powered by hydrogen, a clean-energy fuel, only heat and water are generated as byproducts of electricity creation, allowing distribution centers to further support sustainability initiatives.

Plug Power is enabled to grow its workforce not just in Latham, New York, but globally with offices in Spokane, Washington and including more than 190 regionally-located service support. The company now employees more than 330 employees across the globe.

“Senator Schumer’s continued support has assisted Plug Power in vertically integrating our manufacturing and design efforts,” said Andy Marsh, CEO of Plug Power. “This includes in-house manufacturing of our fuel cell stacks, hydrogen stations, as well as our fell cell products. These efforts have created hundreds of jobs in the capital district.”

About Plug Power Inc.

The powerhouse in hydrogen fuel cell technology, Plug Power is revolutionizing the industry with cost-effective solutions that increase productivity, lower operating costs and reduce carbon footprint. Its signature solution, GenKey, provides an all-inclusive package for customers, incorporating GenFuel hydrogen and fueling infrastructure, GenCare aftermarket service and either GenDrive or ReliOn fuel cell systems. GenDrive, a lead-acid battery replacement, is used in electric lift trucks in high-throughput material handling applications. With more than 10,000 GenDrive units deployed with material handling customers, GenDrive has been proven reliable with over 107 million hours of runtime. Plug Power manufactures tomorrow’s incumbent power solutions today, so customers can POWERAhead. Additional information about the Plug Power brands is available at www.plugpower.com.